Everett, MA175 Hancock Street
Price$1,545,000
Est. Mortgage: $/month
MLS Number 73073080
- MultiFamily
- Bedrooms 7
- Bathroom 5
- Square Feet 5,237
- Parking Spaces 7
175 Hancock Street, a 6.64% cap rate on current income, is a three-story building containing five units consisting of one (1) 4-Bedroom/1 Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit and three (3) 1-Bedroom/1-Bathroom units in 5,237 square feet of living area in 8,078 square feet of total gross area on a large, 0.21-acre corner lot. Majority of units renovated and has off-street parking for up to 7 cars. The current rents at 175 Hancock are below market allowing for an investor to drive income by bringing the rents up to market. Public transportation is readily available on Hancock Street with MBTA buses providing regular service to the Sullivan Square, Malden Center and Wellington stations on the MBTA’s Orange Line.
Listed by John Pentore and Dennis Kelleher of Horvath & Tremblay
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